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RE: Steem price finally catching a bid - Possible arbitrage opportunity?
Heh. Wish I could sell in SoKo and turn around and buy in Blocktrades. Now that it is an arb opportunity!
Heh. Wish I could sell in SoKo and turn around and buy in Blocktrades. Now that it is an arb opportunity!
Yes it is.
flagged due to inaccuracy of details
Withdrawals are disabled and you encourage deposits to bithumb
It was mentioned in the post that there may be issues getting your money in and out. I also mentioned that if you do try make sure to use a small amount of money in case your money gets stuck.
there is no problem getting in only out
you said
You do realize that you can still take advantage of an arbitrage opportunity even if you can't get the coin out right away, right? Just as an example, you could transfer steem in, sell it for KRW, and then use the KRW to buy bitcoin or some other major coin, then you transfer out when withdrawals are re-enabled.
the same could have been said with poloniex, been nearly 6 months and they still haven't restored
Just the steem wallet, we are talking about bitcoin wallets here in order to transfer out... completely different.
Can you withdraw KRW right now on BitHumb? In that case it might be an arbitrage opportunity for those with Korean bank accounts.
no its similar situation
no telling how long bithumb will have withdrawals suspended for
could be weeks could be months